First Affirmative Financial Network Invests $173,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

First Affirmative Financial Network bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,420 shares of the investment management company’s stock, valued at approximately $173,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its stake in shares of Golub Capital BDC by 1,005.0% in the 4th quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock worth $33,000 after acquiring an additional 2,000 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Golub Capital BDC by 77.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 1,508 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter worth $151,000. Latitude Advisors LLC acquired a new stake in shares of Golub Capital BDC in the fourth quarter valued at $152,000. Finally, Perigon Wealth Management LLC acquired a new position in Golub Capital BDC in the fourth quarter worth approximately $156,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 88,748 shares of the stock in a transaction on Tuesday, June 11th. The shares were purchased at an average price of $16.03 per share, with a total value of $1,422,630.44. Following the acquisition, the chairman now directly owns 1,357,628 shares of the company’s stock, valued at approximately $21,762,776.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO David Golub purchased 450,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average price of $16.03 per share, with a total value of $7,213,500.00. Following the purchase, the chief executive officer now directly owns 1,718,880 shares in the company, valued at $27,553,646.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Lawrence E. Golub acquired 88,748 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $16.03 per share, with a total value of $1,422,630.44. Following the acquisition, the chairman now owns 1,357,628 shares of the company’s stock, valued at approximately $21,762,776.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 601,015 shares of company stock worth $9,636,138. 2.70% of the stock is owned by corporate insiders.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $15.52 on Friday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.26. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 7.65 and a beta of 0.53. The business has a 50 day moving average price of $16.44 and a 200 day moving average price of $15.90. Golub Capital BDC, Inc. has a twelve month low of $13.16 and a twelve month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, May 6th. The investment management company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. The company had revenue of $164.23 million during the quarter, compared to the consensus estimate of $163.61 million. Research analysts predict that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 16th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, August 16th. Golub Capital BDC’s dividend payout ratio is presently 76.85%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GBDC. Raymond James downgraded shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Bank of America upgraded Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, March 25th. Finally, StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.